-
The Commodities Feed: Oil stabilises despite Houthis’ Red Sea threat
Oil prices closed higher yesterday but retreated from session peaks, leaving Brent back below $90/bbl by the close. Prices are trending lower in early morning trading today. There’s some hope of de-escalation between the US and Iran. Reports are that mediators are proposing a 10-day ceasefire, which could put the Memorandum of Understanding (MoU) back on track. This won’t be an easy task. Large divisions remain between the US and Iran. And President Trump said the US would retaliate following the deaths of several American troops. Additionally, the Houthis in Yemen announced a naval blockade on Saudi Arabia, ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
Every time Iran kills an American Soldier they will pay for that killing many times over! This directive has been passed on to Secretary of War, Pete Hegseth, Chairman of the Joint Chiefs of Staff, Daniel Caine, and every Leader in the Military. President DONALD J. TRUMP
The U.S. completed a fresh round of strikes against Iran on Monday evening as Yemen’s Iran-backed Houthis threatened to impose a naval blockade on Saudi Arabia, potentially opening a new front in the Middle East conflict. The latest cycle of tit-for-tat strikes comes amid reports that regional mediators have presented Washington and Tehran with a proposal ...
Inflation fears are back on the table, amid worries over escalating tensions between the U.S. and Iran in the Middle East conflict which has kept oil prices elevated, according to analysts. BlackRock estimates that the conflict will add around 0.8 percentage points to global headline inflation, though the impact may not be uniform across all regions. Europe ...
